Court sets aside Eskom tariff hike

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Eskom continues to cut the use of diesel for OCGTs, which is one of the most expensive ways to generate power.
Eskom continues to cut the use of diesel for OCGTs, which is one of the most expensive ways to generate power.

Johannesburg - The National Energy Regulator must review its decision to allow Eskom to increase prices from April 1, the High Court in Johannesburg ruled on Tuesday.

This after a group of businesspeople argued Eskom needed to be more open about its expenses.

The National Energy Regulator, which sets prices Eskom can charge its customers, on March 1 gave the producer permission to recoup expenses it hadn’t budgeted for in fiscal 2014 by raising tariffs an average 9.4% starting April 1, more than the 8% it had initially allowed.

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